Fresh Del Monte Produce Inc (DMC) to Distribute Quarterly Dividend of $0.30 on December 4th

Fresh Del Monte Produce Inc (NYSE:DMC) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.30 per share on Friday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, November 10th.

Fresh Del Monte Produce Price Performance

Shares of DMC stock opened at $29.05 on Thursday. The company has a market cap of $1.37 billion, a P/E ratio of 40.92 and a beta of 0.25. Fresh Del Monte Produce has a one year low of $26.47 and a one year high of $43.58. The company has a quick ratio of 1.04, a current ratio of 2.23 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $30.67.

Fresh Del Monte Produce (NYSE:DMC) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. Fresh Del Monte Produce had a return on equity of 6.43% and a net margin of 0.79%. The business had revenue of $1.10 billion for the quarter. During the same period in the previous year, the firm earned $0.69 EPS. The business’s revenue was up 7.2% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DMC. Weiss Ratings initiated coverage on shares of Fresh Del Monte Produce in a research note on Wednesday, August 5th. They issued a “hold (c)” rating on the stock. Wall Street Zen upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. One analyst has rated the stock with a Hold rating. According to MarketBeat, Fresh Del Monte Produce has an average rating of “Hold”.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a vertically integrated producer, distributor and marketer of fresh and prepared fruits and vegetables. Its product portfolio includes bananas, pineapples, melons, avocados, berries, grapes, tomatoes and other fresh produce, along with prepared fruit, vegetables, juices and snacks sold under the Del Monte brand and other labels.

The company manages activities across the produce supply chain, including cultivation, sourcing, harvesting, processing, packaging, transportation and distribution.